Jump Financial LLC Sells 38,615 Shares of TPG RE Finance Trust, Inc. (NYSE:TRTX)

Jump Financial LLC lessened its holdings in TPG RE Finance Trust, Inc. (NYSE:TRTX) by 63.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,953 shares of the company’s stock after selling 38,615 shares during the quarter. Jump Financial LLC’s holdings in TPG RE Finance Trust were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Stratos Wealth Partners LTD. grew its position in TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company’s stock valued at $131,000 after acquiring an additional 2,623 shares during the last quarter. Cerity Partners LLC boosted its position in TPG RE Finance Trust by 4.1% during the fourth quarter. Cerity Partners LLC now owns 71,828 shares of the company’s stock valued at $611,000 after purchasing an additional 2,837 shares in the last quarter. Legal & General Group Plc grew its stake in shares of TPG RE Finance Trust by 7.2% during the fourth quarter. Legal & General Group Plc now owns 57,095 shares of the company’s stock worth $485,000 after acquiring an additional 3,812 shares during the last quarter. Bank of New York Mellon Corp grew its position in TPG RE Finance Trust by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 181,368 shares of the company’s stock worth $1,542,000 after purchasing an additional 4,468 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in TPG RE Finance Trust by 19.3% during the 4th quarter. SG Americas Securities LLC now owns 30,596 shares of the company’s stock worth $260,000 after purchasing an additional 4,944 shares during the last quarter. Institutional investors own 57.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on shares of TPG RE Finance Trust from $8.50 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th.

TPG RE Finance Trust Stock Performance

NYSE:TRTX opened at $7.42 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 152.83 and a current ratio of 156.81. The company has a fifty day moving average of $7.92 and a two-hundred day moving average of $8.41. The stock has a market capitalization of $596.46 million, a PE ratio of 9.89, a P/E/G ratio of 0.25 and a beta of 1.78. TPG RE Finance Trust, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $9.66.

TPG RE Finance Trust (NYSE:TRTX) last issued its earnings results on Tuesday, February 18th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.18). The business had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a net margin of 21.79% and a return on equity of 7.57%. As a group, research analysts forecast that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current fiscal year.

TPG RE Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date was Friday, March 28th. TPG RE Finance Trust’s dividend payout ratio (DPR) is 128.00%.

TPG RE Finance Trust Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.